PatSnap announces the launch of Smart Search

PatSnap has announced the launch of Smart Search, a tool that enhances and accelerates patent searches, making the wealth of insights found within patent data more accessible to those with no experience in Intellectual Property (IP).

Patent searching traditionally involves a labor-intensive process starting with a basic search. Initial results are analyzed to find more relevant keywords and IPC/CPC codes, which are then added to the query. An updated search is run to uncover yet more keywords and IPCs, and this process is repeated ad nauseam. Historical or saved queries are often added-on, resulting in long Boolean strings which can easily conceal syntactical errors.

Ray Chohan, SVP, Corporate Strategy at PatSnap said “even for IP proficient users, running an effective patent search can take days. Confronted with patent search software interfaces, non-IP users are often intimidated into retreat. This is not only bad for users, it’s bad for innovation as a whole. Through the launch of Smart Search, we hope to provide the key to inventors, scientists, entrepreneurs and others to unlock the treasure-trove of technology, market and competitor intelligence that can be discovered within patent data.”

R&D investment was estimated to top US$2 trillion in 2017, and with today’s economic pressures, businesses are being forced more than ever to make intelligent investment decisions. In the past 40 years, R&D productivity has dropped by an estimated 65%, and PatSnap’s over 3,000 global customers understand the need to ‘look before you leap’ and make use of PatSnap’s solutions to accelerate their innovation.